Five years after Comerica leaves, Michigan remains its best market

[MSUguy]

A little more than five years ago, a PR Newswire press release sent shockwaves through metro Detroit — Comerica Bank, the largest bank in the state, the oldest bank in the state, our bank — was moving its headquarters to Texas.
The headline on the release read:
"Decision Accelerates Comerica's Strategy to Diversify Customer Base
"And Extend Reach Into High-Growth Markets"
In the release, Ralph Babb Jr., Comerica's CEO and chairman, said: "Over the past three years, we have been advancing our strategy to diversify our customer base and extend Comerica's reach into key high growth markets.


http://www.crainsdetroit.com/article...ts-best-market

Well, so much for that plan. Makes me happy I stopped doing business with these turncoats when they left the state.

[401don]

I'm not sure the point of this article. Comerica has been in the mid-west for 100 years. Now they are getting half of their business from California, Arizona and Texas. Seems to me their strategy worked exactly the way they had hoped.